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Economic outlook distinctly upbeat says Economic Survey 2006-2007

27 Feb '07
3 min read
- Economy to reinforce the confidence in the high-growth phase

- Opening up of new avenues in services, beyond the already
well-known IT and ITES

- Despite overheating economy, merchandise import growth, also
appears to be within reasonable limits.

- Stress on infrastructure

- Unemployment has gone up not because of high growth, but
because growth was not high enough

- Inflation due to shortcomings on the supply side and poor
and inefficient intermediation between the producer and the
consumer

- Stress on fiscal prudence and high investment

- Inconclusive debate on subsidies needs to be resumed

- A sense of optimism characterizes the current economic
conjuncture

India Budget
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